California’s $20 Minimum Wage & Home Wins for DC Sports 04/01/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 1 April 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Half a million California fast food workers are getting a pay bump, starting today. A $20 minimum wage might be good for workers, but McDonald’s franchisee Scott Rodrick warns, it might mean higher costs for business owners and for consumers. In DC, Mayor Muriel Bowser struck a deal to keep the Washington Capitals and Wizards playing in their home city. Mayor Bowser explains the sports deal and addresses concerns about crime in her city. Plus, CNBC’s Robert Frank reports that stocks have fueled a wealth boom, and the Federal Reserve has another data point to factor into interest rate policy: core PCE. Robert Frank - 09:03 Mayor Muriel Bowser - 15:26 Kate Rogers - 25:27 Scott Rodrick - 28:54 In this episode: Muriel Bowser, @MayorBowser Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C.N.C. producer Katie Kramer, today on Squawk Pot.
0:09.0	Half a million California workers are getting a pay bump.
0:12.0	The state's
0:13.0	fast food $20 minimum wage starts today and one McDonald's
0:17.0	franchisee says it won't be easy. This is an extraordinary wage jump 25%
0:22.3	overnight.
0:24.4	And the Capitol City's sports dunk,
0:26.7	DC Mayor Muriel Bowser on her play
0:29.0	to keep the Wizards and the Capitals on their home courts.
0:32.2	What we had was a real deal.
0:33.8	We had the ability for the teams to renovate in place here
0:37.3	at an iconic location where they've been incredibly successful.
0:42.3	Plus a stock-fueled wealth boom, a new number for the Fed, and Mets owner Stephen Cohen's bet on Fox, how strong are those assets?
0:51.0	Things like Tubby are working for them. That how is pronounced? Toubby,
0:54.5	Tubby. I don't know. It's Monday April 1st, 2024. No fooling. Squack Pod begins right now.
1:03.3	Stand Becky by in three, two, one, kill please.
1:08.4	Good morning everybody.
1:09.4	Welcome to Squackbox right here on CMBC.
1:12.0	We are live from the NasDAQ market site in Times Square.
1:15.0	I'm Becky Quick along with Joe Kernan and Andrew Wash Sorkin.
1:19.0	Welcome back.
	...

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